Manager, Risk Management and Insurance

Southern Company•Atlanta, GA

About The Position

The Manager, Risk Management and Insurance leads a significant business function in Southern Company’s Risk Management & Insurance Department in Atlanta. The role is accountable for strategic planning, operational execution, risk oversight, talent development and achievement of business objectives. The manager directs and oversees work primarily related to designated liability coverage lines, including surety, and the captive, while collaborating across Southern Company and its subsidiaries. The position provides professional and technical expertise in assessing corporate property and casualty risks; determining risk management strategies; designing and negotiating risk-transfer, risk-financing and loss-control plans; and integrating those plans into Southern Company’s enterprise-wide risk management approach. It administers corporate risk and insurance programs, supports alternative risk transfer arrangements, manages captive operations and staff, and oversees insurance, claims, vendor and budget activities. The role also supports construction insurance programs and loss-control efforts, advises on contractual risk transfer, and may work with enterprise risk management and corporate resilience functions. Travel may be up to 25% of the time.

Requirements

BBA with an emphasis in risk management, commercial property and casualty insurance, risk finance or a related field.
At least 13 years of relevant work experience, depending on academic background, in corporate risk management, insurance brokerage, captive management and/or commercial lines underwriting.
Management or supervisory experience.
Experience managing third-party vendors.
Extensive knowledge and demonstrated expertise in corporate property and casualty insurance policies, with emphasis on commercial liability insurance.
Knowledge of finance, particularly risk-financing applications.
Knowledge of contractual risk transfer and insurance techniques.
Strong analytical skills and attention to detail.
Strong problem-solving and negotiation skills, including the ability to handle occasional conflict constructively.
Strong organizational and time-management skills, including the ability to prioritize and manage multiple tasks.
Ability to develop and execute functional strategies aligned with enterprise objectives, identify emerging risks and opportunities, lead transformation and process improvement, and adjust priorities as conditions change.
Ability to direct staff, establish goals and expectations, manage budgets and resource allocation, monitor performance and ensure results.
Ability to foster collaboration, promote an inclusive and high-performing environment, and develop staff.
Superior knowledge of property and casualty insurance.
Working knowledge of construction risk management and insurance tools and techniques.
Working knowledge of alternative risk-financing techniques, including large retentions, captive facilities and capital-markets or hybrid solutions.
Working knowledge and expertise in claims handling and negotiations and risk-management information systems.
Working knowledge of generally accepted loss-control principles and practices.
Strong oral and written communication, teamwork and negotiation skills, and ability to establish rapport and interact effectively with people at varying levels and with external service providers.
Ability to influence decisions through data-driven recommendations and business insight.
Proficiency with Microsoft Office Suite, including Word, Excel and PowerPoint.

Nice To Haves

MBA and/or CPCU or ARM designation.
Demonstrated commitment to continuing professional development.
Knowledge of electric, gas and renewables projects and their major contracts through development, construction, operations and maintenance, including related risks and insurance or loss-control measures.
General knowledge of enterprise risk management principles and practices.
Knowledge of utility-industry property and casualty insurance markets, particularly mutual insurers such as AEGIS and Energy Insurance Mutual.
Broad general knowledge of Southern Company and its subsidiaries’ core and non-core operations.
Experience with DXC’s Assure/RiskMaster.
Experience with, or commitment to soon acquire, ChatGPT, Claude Enterprise, 365 Copilot/Studio and other AI-related tools and their current and potential risk-management and insurance applications.

Responsibilities

Act as Manager for the SCS Risk Management Atlanta Section, directing and overseeing designated personnel and their work.
Identify and assess corporate property and casualty exposures arising from current and planned operations, with particular emphasis on commercial liability risks.
Provide strategic leadership for property and casualty insurance and risk-transfer programs.
Advise supply chain, contracts administration, project development, legal and operations personnel on contractual risk-transfer and insurance approaches; support or lead relevant contract negotiations as requested.
Design, negotiate, place and administer insurance and other risk-financing arrangements to reduce the financial impact of losses and achieve the long-term lowest cost of risk.
Manage captive operations and supporting staff, including effective operations and state and regulatory compliance.
Design, implement and manage designated liability lines, captive arrangements and alternative risk-financing and insurance plans.
Handle budget and accounting reconciliation, underwriting information, excess insurance and reinsurance negotiations, subsidiary premium allocation, claims settlement and recordkeeping, and coordination with captive managers and brokers.
Support loss-control programs for Southern Company and subsidiary facilities and operations; assess exposures, recommend measures to prevent or mitigate losses, and share best practices.
Maintain communications and relationships with subsidiary personnel, insurers and loss-control staff to support effective and cost-conscious insurance and loss-control programs.
Administer and negotiate certain casualty claims and, when required, property claims; support subsidiary risk management functions in insurer negotiations and claims resolution when requested.
Design, implement and manage assigned construction insurance plans, including Builders Risk Property Insurance and Owner Controlled Insurance Programs covering contractors’ activities during construction.
Structure and manage relationships with insurance companies, brokers, third-party claims administrators, legal counsel, actuaries and consultants.
Administer departmental and subsidiary billing budgets, underwriting and premium-allocation programs for assigned coverage.
Develop or assist the Director in developing strategy and lead departmental efforts to design, implement or enhance AI tools and techniques for risk management and insurance applications.
Potentially work with enterprise risk management and corporate resilience functions to support an integrated Southern Company enterprise risk management strategy.
Act as Assistant to the Director, Risk Management, and handle special projects as assigned.
Lead staff development, set goals and expectations, manage resources and budgets, monitor performance, provide feedback and development plans, and develop a leadership pipeline.
Ensure compliance with applicable policies, requirements and governance standards.